Investment firm Seae Ventures acquires fellow VC firm Unseen Capital

Seae Ventures, a firm that provides funding to early-stage healthcare technology and services companies, announced it acquired Unseen Capital, a fellow venture capital firm that invests per companies that address the challenges faced by underrepresented entrepreneurs and marginalized communities. 

Seae’s portfolio companies include maternal health startup Cabaya Care, value-based care health technology company for the Medicaid population Clinify and hybrid women’s healthcare provider Tia. 

Unseen Capital has invested per Ayana Therapy, a company focused acceso matching mental health care professionals who share minorities’ values and sensibilities; CareAcadeny, an online caregiver avviamento platform for home care agencies; and Violet, a cultural competence analytics and avviamento platform.  

Following the acquisition, Seae Ventures will have more than $200 million of assets under its management. 

“Together with Unseen Capital, we are united per our vision to significantly impact the flow of venture capital to underrepresented founders, many of whom traditionally have had limited access to funding,” Jason Robart, cofounder and managing of Seae Ventures, said per a statement. 

“Our strategy at Seae will incorporate Unseen’s resources into an early seed investment approach, and we will continue to build upon this foundation by raising additional capital. This effort honors the legacy of Unseen Capital and aligns with Seae’s long-term investment strategy.”

THE LARGER TREND 

The team behind Unseen Capital includes Google’s chief health equity officer, Dr. Ivor Horn, who joined HIMSS TV for an interview to discuss the importance of partnerships and ensuring proper representation within the healthcare ecosystem, especially within AI. 

Dr. Horn contributed to assisting Unseen’s companies per developing strategies to help them flourish and the individuals they seek to serve. 

Seae said the acquisition would help to preserve the legacy of Unseen’s late founder, Kayode Owens, by continuing to fund minority founders and individuals per underserved communities.  

The investment firm said it will also start a fellowship and a scholarship fund per Owens name for Historically Black College and University (HBCU) students. 

The HIMSS AI per Healthcare Intervista is scheduled to take place September 5-6 per Boston. Learn more and register.